Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

Guido Fawkes ‏@GuidoFawkes 53m

Sun Says "None of the Above". Refuses to endorse any of the parties - says vote on local issues. Effectively withholding Tory endorsement.

sticky - the concern is nothing to do with interest rates per se .... the "concern" is that an awful lot of people have chosen to ignore the fact that they'll have to repay the capital in due course .... frankly, i think interest-only mortgages are downright dangerous, especially for the average bod, just as were those "cheap" mortgages in € etc instead of £

LOL, most of these are not fixed % rate mortgages you plonker.

You need to stop listening to Hilary who only looks at the micro picture rather than the macro picture.

No doubt hes been saying that people with these arrangements are going to hope house inflation will repay the capital element blah blah blah etc etc. (have him filtered)

WELL at Winnifroths master Investor 10 days ago, the top cheese were warning of a Housing Price Market Collapse!!!!!!!!!.

Negative equity and increased interest rates = TOTAL MISERY.

Anybody taking out an interest only mortgage before the spring/summer of 2005 is unlikely to be affected by being unable to roll over their loan. The average national house price as of Feb 2013 was £163.6k which is approximately where prices were at 8 years ago.

Seeing as most mortgages are taken out for 15, 20 or 25 years, the vast majority of borrowers unable to roll over are still going to have plenty of equity in their property as a result of house price inflation over the term of the loan.

I don't have average house price figures to hand for the 1990's and earlier, but I would've thought the average UK house price 20 years ago was about £40k. So a typical 80% loan of £36k taken out in 1993 offset against the average house price now, would still leave the average borrower with around £125k of equity in their property if they were forced to sell.

What's all the fuss about? And, as cyners says, anybody taking out an interest only loan not backed up by an endowment only has themselves to blame.

Oh btw, goldplonker. I'm a she, not a he.

As they say, you should stay close to your friends and even closer to your enemies!

Historical UK house prices

cynic - 02 May 2013 08:30 - 24522 of 24525
so you've given yourself a 13 month window??

by the way, you choose to forget that interest rates have been at historic lows for the last 3 years or more

=------

13 month window
George being an expert is about 3years behind his original targets, it won't be in his lifetime as chancellor. (I don’t think many can see the original target now.)
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The point about low interest rates is that it should be stimulating the economy, but it ain’t.

Why, because the UK business community has no faith in this grandstanding incompetent government, who say one thing one day and reverse it the next.

You would expect that a government in the state it is at the moment would expand its area of competency, by introduce “experts” from all areas it is supposed to represent. What has Cameron done by introducing new “advisors” to its inner thiefdom, from its own “out of touch family” in order to give confidence to lesser mortals.

By appointing his “mates”, it looks more like an attempt to bolster his own flagging support. (A pity his father hadn’t worn one.)


--------

Fred did you watch newsnight last night?.

Cameron now after his new appointments totaly surrounded by his old Eton hangers on. All Bullingdon boys.

How 'out of touch' can one get.

Pathetic.

It wont go un-noticed.

i have been converted and shall now nip out to cast my vote for SWP ..... unlike the arrogant one who considers actually voting instead of berating to be "oh dear; how bourgeois and infra dig"

Puts things into perspective........


Hari RippedOffBriton ‏@RippedOffBriton 1h

For perspective: Benefit fraud=£1bn; Tax avoidance=£5bn; Total all tax dodging=£35-£100bn+ See examples..............

http://bit.ly/ihejtD

You might as well vote for Labour as it becoming just like the SWP.

GF,

I did.

It was the obvious disconnect and its defence, which still amazes me.

Also, knowledge can be useful, even if it has to be hit into some with a "sledge", but if you can't apply, or programme the data effectively, then it can be harmful and cloud thinking.

Also, the problems with some institutional "thinking", are that they are built on "beliefs" and ingrained, by some who overvalue themselves impart the same beliefs to their disciples.

Indeed indeed Fred.

Guido Fawkes ‏@GuidoFawkes 1h

First election day in 44 years that The Sun has not endorsed a party. Britain's most popular paper is tapping into anti-politics zeitgeist.

hays - in all seriousness, it will be interesting to see exactly how the voting works out in this neck of the woods ..... for sure there's some very angry people, though of course, once the economic sun starts to shine, as assuredly it will (illusory or real?) within the next 12 months or so, people quickly forget the bleak winter

He he...... you wish.

matter of fact, regardless of which party is in power .... hence the old adage of a week being a long time in politics

anyway, almost more interesting than the result will be the % turn-out ..... as far as i can determine, barely 30% is the norm for local elections

The economy is not doing too bad at the moment. Almost every country in Europe is in recession and several are well in. We are just above the level of recession. The list includes Netherlands, Belgium, Italy, Spain, Portugal, Ireland, Greece and a few others.

France, which has a silly socialist party, has just had its worst month economically for four years and is about to go into triple dip recession. Unemployment is expected to hit 11% this summer. Hollande at the 6 months stage of his presidency, is the most unpopular president ever.

This what you get from a left wing government.

BUT just like the frogs of fable, the "country" voted in a heron as king and were then surprised that they got eaten alive

btw, i recollect that the right wing party in germany in the 30s wasn't too healthy for that country either!

One of the worst things about this country now is the fact that people complain so much and then when they get the chance to voice their opinion at the ballot box they can't be bothered. Just been down to make local polling station and I was the only person in the place - apart from two very bored people sitting at a desk waiting to hand out polling slips.